Currency futures extended Friday’s gains as the dollar weakened amid US recession worries and downbeat economic data. Moreover, the dollar eased as the euro soared on optimism of increased government borrowing and spending in Germany. The dollar had a difficult week as the US released several poor economic reports. The major ones revealed softer-than-expected inflation. Read More…
Currency futures extended gains against the dollar, which fell after downbeat nonfarm payrolls data on Friday. At the same time, the greenback fell as market participants worried about the impact of Trump’s tariffs on the US economy. Meanwhile, safe-haven currencies like the yen soared. US employment (Source: Bureau of Labor Statistics) Data on Friday revealed Read More…
Currency futures rose on Friday as the risk sentiment remained elevated, putting pressure on the safe-haven dollar. The British pound remained the top performer as the UK’s GDP showed a sigh of relief, followed by a higher-than-expected CPI reading that could result in a slight tweak to the Bank of England’s easing policy. On Friday, Read More…
Currency futures rose on Friday and extended the rally this week as the dollar eased due to a poor retail sales report. At the same time, the greenback was weak after Trump delayed implementing a reciprocal tariff to give time for investigations. US sales (Source: US Commerce Department) The US retail sales report on Friday Read More…
Currency futures collapsed on Monday after Trump implemented tariffs on Canada, Mexico, and China, increasing worries about trade wars. Meanwhile, the dollar rallied as the prospects of the US economy improved. On the other hand, the outlook for economies in Canada, China, and Mexico dimmed. Over the weekend, Trump’s administration surprised investors by announcing the Read More…
Currency futures rallied on Friday as the dollar eased due to downbeat US business activity data. At the same time, data from other countries like the Eurozone and the UK revealed a rebound in economic activity. However, by Monday, the greenback rebounded as traders geared up for the Fed policy meeting. Currency futures strengthened last Read More…
